CFTC Nominee Opposes E.U. Oversight of U.S. Clearing Houses

The U.S. should have “sovereignty” over its own clearing houses, said Heath Tarbert, who has been nominated to become chairman of the Commodity Futures Trading Commission.

Tarbert, currently assistant secretary for international markets and investment policy at the U.S. Treasury Department, was responding to questions at his nomination hearing before the Senate agriculture committee on Wednesday (March 13).